HB2433 Summary

• Amends the Property Tax Code to extend the Senior Citizens Assessment Freeze Homestead Exemption to include disabled persons, effective for disabled persons beginning in taxable year 2015.

• Defines "disabled person" as someone unable to engage in substantial gainful activity due to a medically determinable physical or mental impairment expected to result in death or last at least 12 months continuously.

• Allows disabled persons to qualify for the exemption with proof of disability through federal Social Security disability benefits eligibility, an Illinois Disabled Person Identification Card showing Class 2 disability status, or other methods prescribed by the county assessment officer.

• Renames the exemption to the "Senior Citizens and Disabled Persons Assessment Freeze Homestead Exemption" throughout the code section.

• Changes the exemption eligibility date for disabled persons from the original 1994 start date for seniors to begin in taxable year 2015, with all other requirements (household income limits, principal residence occupation, property tax liability) remaining the same.